Institute for Wealth Management LLC. Trims Stake in Morgan Stanley (MS)

Institute for Wealth Management LLC. decreased its holdings in shares of Morgan Stanley (NYSE:MS) by 14.4% in the 3rd quarter, HoldingsChannel reports. The firm owned 15,033 shares of the financial services provider’s stock after selling 2,532 shares during the period. Institute for Wealth Management LLC.’s holdings in Morgan Stanley were worth $722,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of MS. Renaissance Technologies LLC bought a new position in shares of Morgan Stanley during the 2nd quarter valued at about $172,096,000. BlackRock Inc. boosted its position in shares of Morgan Stanley by 3.1% during the 2nd quarter. BlackRock Inc. now owns 109,110,758 shares of the financial services provider’s stock valued at $5,171,848,000 after purchasing an additional 3,264,493 shares in the last quarter. FMR LLC boosted its holdings in shares of Morgan Stanley by 4.4% in the second quarter. FMR LLC now owns 45,817,038 shares of the financial services provider’s stock worth $2,171,728,000 after buying an additional 1,936,093 shares during the period. Natixis boosted its holdings in shares of Morgan Stanley by 978.3% in the second quarter. Natixis now owns 1,574,873 shares of the financial services provider’s stock worth $74,649,000 after buying an additional 1,428,824 shares during the period. Finally, ValueAct Holdings L.P. boosted its holdings in shares of Morgan Stanley by 4.2% in the second quarter. ValueAct Holdings L.P. now owns 18,709,620 shares of the financial services provider’s stock worth $886,836,000 after buying an additional 750,000 shares during the period. Institutional investors own 84.49% of the company’s stock.

NYSE MS opened at $43.95 on Tuesday. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 2.67. The company has a market capitalization of $76.72 billion, a PE ratio of 12.21, a P/E/G ratio of 0.76 and a beta of 1.42. Morgan Stanley has a 52-week low of $42.88 and a 52-week high of $59.38.

Morgan Stanley (NYSE:MS) last posted its quarterly earnings results on Tuesday, October 16th. The financial services provider reported $1.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.16. The business had revenue of $9.87 billion during the quarter, compared to analyst estimates of $9.55 billion. Morgan Stanley had a net margin of 15.93% and a return on equity of 12.53%. The firm’s revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.93 earnings per share. Sell-side analysts predict that Morgan Stanley will post 4.94 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Wednesday, October 31st will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date of this dividend is Tuesday, October 30th. Morgan Stanley’s dividend payout ratio (DPR) is 33.33%.

Morgan Stanley announced that its board has initiated a share repurchase program on Wednesday, July 18th that authorizes the company to repurchase $4.70 billion in shares. This repurchase authorization authorizes the financial services provider to repurchase up to 5.3% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.

MS has been the subject of several recent analyst reports. Wolfe Research initiated coverage on shares of Morgan Stanley in a report on Tuesday, September 25th. They issued an “outperform” rating for the company. Vining Sparks reiterated a “buy” rating and issued a $60.00 target price on shares of Morgan Stanley in a report on Tuesday, October 16th. ValuEngine cut shares of Morgan Stanley from a “hold” rating to a “sell” rating in a report on Monday, July 2nd. Zacks Investment Research upgraded shares of Morgan Stanley from a “hold” rating to a “buy” rating and set a $56.00 target price for the company in a report on Tuesday, July 24th. Finally, Oppenheimer upgraded shares of Morgan Stanley to an “outperform” rating and set a $62.00 target price for the company in a report on Tuesday, October 16th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $58.82.

In other news, major shareholder Stanley Morgan sold 327 shares of the stock in a transaction that occurred on Wednesday, September 19th. The shares were sold at an average price of $23,000.00, for a total value of $7,521,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.19% of the stock is owned by corporate insiders.

About Morgan Stanley

Morgan Stanley, a financial holding company, provides various financial products and services to corporations, governments, financial institutions, and individuals in the Americas, Europe, the Middle East, Africa, and Asia. The company operates Institutional Securities, Wealth Management, and Investment Management segments.

Further Reading: Exchange-Traded Funds (ETFs)

Want to see what other hedge funds are holding MS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Morgan Stanley (NYSE:MS).

Institutional Ownership by Quarter for Morgan Stanley (NYSE:MS)

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